Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has written the National Assembly to hike the proposed 2025 budget from N49.7 trillion to N54.2 trillion.
The President conveyed the budget adjustment request in separate letters sent to both the Senate and the House of Representatives.
In the Senate, the letter was read during Wednesday’s plenary by the Senate President, “Godswill Akpabio.”
According to the President, the increase was driven by ₦1.4 trillion in additional revenue from the “Federal Inland Revenue Service,” ₦1.2 trillion from the “Nigeria Customs Service,” and ₦1.8 trillion generated by other government-owned agencies.
Following the announcement, Akpabio referred the President’s request to the Senate Committee on Appropriations for urgent consideration.
